(Updated with Video) Economic Fundamentals As Defined By Everyone But McCain Don't Include People

I would love to know who is in charge of the Phony Outrage Department at the McCain campaign. Since when does the phrase economic fundamentals include "all the hard working men and women of America?"

Well, McCain did say he didn't know much about the economy.

Jake Tapper's blog at ABC News:

Sen. John McCain, R-Ariz., when describing the fundamentals of the economy -- which he maintains are strong -- has, in the past, described those fundamentals as the U.S. being "the greatest exporter, the greatest importer, the greatest innovator, the greatest producer, still the greatest economic engine in the world. And, by the way, exports and free trade are a key element in economic recovery."

Taking heat today for asserting this morning in Jacksonville, Fla., that the fundamentals of the economy are strong -- when headlines from Florida to Alaska wail about Wall Street failures -- McCain offered later in the day a new definition: "The American worker and their innovation, their entrepreneurship, the small business, those are the fundamentals of America, and I think they’re strong," McCain said in Orlando.

Then McCain made some shit up ... something about Obama disrespecting working people by denying that the fundamentals of our economy were not sound.

From a glossary of economic terms from Wiley.co.uk:

A very broad term which includes such economic measures as interest rates, the government’s budget deficit, the country’s balance of trade account (relating to exports and imports), the level of domestic business confidence, the inflation rate, the state of (and confidence in) the banking and wider financial sector and consumer confidence.

Once again, rough tough John McCain, war hero, whining about something that has no basis in fact to distract us from his lack of knowledge about the economy.

Just like the lipstick/pig thing last week, just another way to let the clock tick away while Sarah Palin tries to round up enough God-fearin' Merucans to keep him relevant. Because he realized today that the crowds don't show up unless she's there. And they lie about crowd size even when she is there.

Maybe she wasn't there because she needed to tan.

I'll have a clip with Olbermann and the NY Times' Paul Krugman after the jump as soon as it posts at the Countdown site.

It's up, and posted after the jump.

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